Scam - you wont see your money

DO NOT USE THIS COMPANY. They will scam you of all of your money and you wont see it. Be warned now. I was told that my money would be transferred to bank account and all of a sudden it was canceled. I sure as hell didnt do it and now it doesnt show up on my transaction history. DO NOT USE THIS COMPANY THEY ARE SCAM ARTISTS.

Won Ashenafi 2018-07-13

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

HYCM is global forex broker with more than 40 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 0.2 pip

Latest Forex News

The Financial Conduct Authority (FCA) in the UK has opened an emergency phone line (+44 800 048 4255), as well as a series of specialized information websites that are intended to help the financial sector cope with the possible consequences of a no deal Brexit.
FCA also warns UK operating businesses that they will have 15 months to comply with the new rules in case UK leaves the EU without a deal in the end of October.
“The FCA has undertaken significant work to prepare for the UK’s departure from the EU. Read more

The Criminal Investigation Bureau (CIB) in Taiwan warns of a new wave of investment scams on dating and chat websites, featuring a case of a man who lost over 4 million Taiwanese Dollars (128 000 USD).
Wang, a 53 year old Taiwanese businessman, was approached by a charming woman on Facebook and after a few chats, he decided to get a divorce and start a new live with her.
“It was love at first sight with you, I prefer a mature man with broad social experience”, the lady wrote in one of their chats.
The woman told Wang she worked in the Hong Kong financial sector, earning a decent income, while trading currencies online. Read more

With its new promotion program OctaFX grants its clients a 50% trading bonus on each new deposit.
The bonus funds are fully withdrawable after reaching a certain trading volume equal to the bonus amount divided by half in standard lots.
For an illustration purpose, if you deposit let say 400 USD, your 50% bonus will add up another 200 USD to your account.
And after you trade 100 standard lots (you can do that quite easily using leverage as high as 1:400), you will be able to cash out both the bonus and the profits generated with it.
Bear in mind that with a 50% trading bonus, your profits could be 50% higher. Read more

The Marshall Islands, the small Pacific nation that is also a favorite offshore destination for many brokers that prefer to avoid the strict regulations in Europe, the U.S. and Australia revealed a plan to launch a crypto currency of its own, which will be in circulation along the American Dollar – until now the only official legal tender on the islands.
The Sovereign (SOV) supply will be capped at 24 million tokens so that the coin will not lose its value. The authorities also promise that the block chain technology behind Sovereign will close many of “the secrecy and anonymity loopholes”, that are usually used for clandestine activities involving digital coins. Read more

The Dutch Central Bank announced new rules for all companies dealing with crypto currencies that will take effect from January 2020.
All companies offering exchange services between crypto and fiat currencies and vise versa will have to register with De Nederlandsche Bank (DNB) before 10 January 2020.
DNB advises all companies in question, including wallet providers, to contact the Central Bank as soon as possible.
The measures are taken in accordance with the fifth European anti- money laundering directive, which came into effect back in July, and which is aimed to curb money laundering and terrorist financing. Read more

Israeli binary options operative Lissa Mel pled guilty to her role in $145 million scam scheme, and was sentenced to a year in prison and $288 024 in restitution to victims by a US federal court previous week. After serving her term, Mel will be under supervised release for a term of two more years.
Mel worked as a sales representative for Yukom Communications Ltd from July 2015 till November 2016. The company operated unregulated Israeli binary options brokers BigOption and BinaryBook and defrauded thousands of investors, including Americans, out of millions of dollars. Read more

The US Securities and Exchange Commission (SEC) has settled with founders of crypto exchange Bitqyck over an alleged $13 million fraud. Bitqyck’s founders Bruce Bise and Sam Mendez will pay a civil penalty of $8.5 million on top of disgorgement and prejudgment interest.
The SEC charged Dallas company Bitqyck and its founders with defrauding over 13 million investors in operating unregistered digital asset exchange and unauthorized offering. More specifically, Bitqyck offered their own token Bitqy, and falsely claimed that each Bitqy provided fractional shares of Bitqyck stock through a “smart contract. Read more

The Financial Conduct Authority (FCA) in the UK added Forexbit to its long list of companies that illegally target British customers and offer financial services without a license.
“Some firms act without our authorisation and some knowingly run investment scams”, stated the FCA in its warning.
Forexbit is an unregulated forex and binary options broker that offers trading in forex and cryptocurrencies. According to the information on broker’s website (www.forexbit.com, which is no longer accessible), ForexBit is operated by Alpha Capital Technology, a company with registered address in Bulgaria that is operating out of London, UK. Read more

The Thai Securities and Exchanges Commission (SEC) warned the public against FXtrading Corporation - a new cryptocurrency scam targeting local investors. As reported by the Bangkok Post, the fraudster poses as a legitimate digital currency trading platform operating from overseas.
The SEC further reminded the public that it has only authorized three companies to offer trading in digital assets - Satang Corporation, Bitcoin Co. and Bitkub Online, as well as one digital currency broker - Coins TH. Read more

The Comision Nacional del Mercado de Valores (CNMV) warned against Exilon Markets, BeAlgo, CapitalFXclub, numerous brands of Game Capital Ads, and several other unregulated entities. These brokers are not authorized to provide investment services or investment advice in Spain, the CNMV said.
Exilon Markets obviously targets Spanish-speaking investors, as its website is only available in Spanish. It is owned by Exilontrade Ltd., a company registered offshore which is not allowed to provide financial services and advise in Spain, nor the EU or another heavily regulated market. Read more

Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
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